Mathematics, 01.03.2021 22:10, highschoolboy

Jaylen will deposit $1,750 in an account that earns 6% simple interest every year. His best friend, Eli, will deposit $1,600 in an account that earns 8.5% interest compounded annually. The deposit will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Compare and contrast the two friends’ account after 5 years

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Jaylen will deposit $1,750 in an account that earns 6% simple interest every year. His best friend,...